"Target's third quarter financial results reflect continued strong execution in our U.S. Segment in an environment where consumer spending remains constrained," Target CEO Gregg Steinhafel said in a statement.

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Target said it now expects to post non-GAAP EPS of $4.59 to $4.69 for the full year due in part to losses tied to the early retirement of debt and Canadian segment dilution. Previously, the company said it expected to earn $4.70 to $4.90 a share.

The retail giant also projected fourth-quarter non-GAAP EPS of $1.50 to $1.60. Analysts had been calling for EPS of $1.47.